XAU/USD tests upper trend line

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 74% 75% -1.35%
Shorts 26% 25% 3.85%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Buy
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

The yellow metal has appreciated 0.67% against the US Dollar since Friday morning. The pair tested the bottom boundary of the trend line early on Thursday and tried to reach the top early on Friday. 

During Friday morning hours, Gold was at 1,191.10, testing the 55-hour SMA (4H) as additional support level to recover itself.  It seems that the 55-hour and 100-hour SMAs should cross at today's trading session giving strong bullish signals for traders.

The nearest support level is the monthly S2 at 1,117.90, while the nearest resistance level is the monthly S1 at 1,202.25.

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